FBR & Co. lowered shares of Pan American Silver Corp. (NASDAQ:PAAS) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning, The Fly reports. They currently have $6.00 target price on the stock, down from their prior target price of $8.00.

Other hedge funds recently bought and sold shares of the company. Bennicas & Associates Inc. increased its stake in shares of Pan American Silver Corp. by 10.6% in the fourth quarter. Bennicas & Associates Inc. now owns 82,300 shares of the company’s stock worth $535,000 after buying an additional 7,900 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Pan American Silver Corp. during the fourth quarter worth $1,918,000. Finally, Simplex Trading increased its stake in shares of Pan American Silver Corp. by 1,870.3% in the fourth quarter. Simplex Trading now owns 46,380 shares of the company’s stock worth $301,000 after buying an additional 44,026 shares during the last quarter.

Several other brokerages also recently issued reports on PAAS. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a hold rating to a buy rating and set a $6.75 price target for the company in a report on Sunday, January 17th. RBC Capital reiterated a sector perform rating on shares of Pan American Silver Corp. in a report on Friday, January 15th. BMO Capital Markets lowered their price target on shares of Pan American Silver Corp. from $10.50 to $7.50 in a report on Wednesday, October 7th. Finally, Deutsche Bank reiterated a buy rating on shares of Pan American Silver Corp. in a report on Tuesday, October 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $8.97.

Pan American Silver Corp. (NASDAQ:PAAS) opened at 6.425 on Thursday. Pan American Silver Corp. has a 12-month low of $5.38 and a 12-month high of $12.05. The company’s market capitalization is $974.47 million. The firm’s 50-day moving average price is $6.46 and its 200 day moving average price is $6.86.

Pan American Silver Corp. (NASDAQ:PAAS) last released its earnings results on Thursday, November 12th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. The business had revenue of $159.40 million for the quarter, compared to the consensus estimate of $166.19 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post ($0.36) earnings per share for the current year.

Pan American Silver Corp. (NASDAQ:PAAS) is engaged in the operation and development of and exploration for silver producing properties and assets. The Company’s principal product is silver. The Company also produces and sells gold, zinc, lead, and copper. The Company is engaged in mining operations and is developing mining projects in Mexico, Peru, Argentina and Bolivia, and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company’s principal products and sources of sales are silver and gold dore and silver bearing zinc, lead, and copper concentrates. As of December 31, 2014, the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo and San Vicente mines accounted for all of its production of concentrates and dore.

12 Month Chart for NASDAQ:PAAS

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